earnings
confidence high
sentiment neutral
materiality 0.75
Hartford Q2 net income $437M ($1.32/sh) down 51% from $900M; core earnings $714M vs $836M; new $3B buyback
HARTFORD INSURANCE GROUP, INC.
2022-Q2 EPS reported
$2.62
revenue$10,766,000,000
- Net income $437M ($1.32/sh) vs $900M ($2.51) YoY; core earnings $714M ($2.15) vs $836M ($2.33).
- P&C written premiums up 10%; Commercial Lines up 14% with combined ratio 87.3 (improved 1.6 pts).
- Board authorized $3.0B share repurchase program effective Aug. 1, 2022 through 2024; Q2 returned $577M to holders.
- Net income ROE 13.1% and core earnings ROE 14.0% for trailing 12 months; Group Benefits core margin 9.8%.